OREANDA-NEWS. Fitch Ratings has affirmed Banc of America Large Loan, Inc. Re-REMIC Trust 2011-STRP, commercial mortgage certificate-backed certificates, as follows:

--\$950,714 class A-8 at 'AAAsf'; Outlook Stable.

Fitch does not rate the interest-only class X. Class A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-9, and A-10 have paid in full.

KEY RATING DRIVERS
The affirmation is the result of the affirmation of the underlying bond in the remaining transaction rated by Fitch. This transaction is a re-securitization of the ownership interest in one commercial mortgage-backed certificate which totals \$950,714. The original transaction was collateralized by classes from 10 transactions, nine of which have since paid in full. As a resecuritization, the class will receive cash flows from the underlying class bonds and the rating is based on the underlying security.

RATING SENSITIVITY
The Rating Outlook is expected to remain Stable due to increasing credit enhancement of the underlying super senior certificate.

The following commercial mortgage-backed security is collateral for the re-REMIC security rated by Fitch:

--Banc of America Commercial Mortgage 2007-2: A 2% interest in the class A-2 in the amount of \$950,714. The class A-2 was affirmed Jan. 15, 2015 at 'AAAsf'; Outlook Stable. The underlying class A-2 has approximately 42.7% credit enhancement. This transaction serves as collateral for the class A-8.

The trustee fee will be paid monthly from available interest proceeds. Any extraordinary trust fund expenses incurred by the trustee will be paid first out of the extraordinary expense reserve account, second, if necessary, from available interest.

Additional information on Fitch's criteria for analyzing U.S. CMBS transactions is available in the Dec. 10, 2014 report, 'U.S. Fixed-Rate Multiborrower CMBS Surveillance and Re-REMIC Criteria', which is available at 'www.fitchratings.com' under the following headers: